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and we have sound from mitch mcconnell on the house floor and harry reid. >> we had a good discussion with the majority leader with the hopes to come forward as early as sunday to have a recommendation that i can make to my conference and the majority leader can make to his conference. >> i am going to do everything that i can. i'm confident that senator mcconnell will do the same, but everybody, this is whatever we come up with is going to be imperfect and some people aren't going to like it, and some people will like it less, but that is where we are. i feel confident that we have an obligation to do the best we can, and that was made very clear in the white house. we will do the best we can for the caucuses that we have and the country that's waiting for us to make a decision. >> clarence, you have seen this movie before. >> yes. >> it sounds like something is in the works, right? >> well, it sounds like something is in the works on at least the senate side. on the house side, we don't know about those hard core intransigent intransigents and whether even if the senate does come up
and we have sound from mitch mcconnell on the house floor and harry reid. >> we had a good discussion with the majority leader with the hopes to come forward as early as sunday to have a recommendation that i can make to my conference and the majority leader can make to his conference. >> i am going to do everything that i can. i'm confident that senator mcconnell will do the same, but everybody, this is whatever we come up with is going to be imperfect and some people aren't going...
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we know mitch mcconnell is here. we assume harry reid is here and their staffs are going back and forth. i spoke to one aide who said don't expect for any details to leak tonight. they'll be closed-lipped about this because the idea if anything does leak out it gives more of an opportunity for folks on either party to kill a deal if they don't like what they hear. some sort of a agreement will be announced tomorrow when the house is back in session and the senate is back in session and they can go back to say hey, this is the best opportunity. as far as the likelihood of this kraig, things have not been going well and there's optimism here and there and things are fluid like kristen says and it will be the final deal, but what we do know is these folks on capitol hill are very mindful of the damage that can be done to the economy if nothing is brief. we've had five down days in the stock market and we're preparing the country on tuesday for the first tax increase in 20 years, and i think finally at the end, that's st
we know mitch mcconnell is here. we assume harry reid is here and their staffs are going back and forth. i spoke to one aide who said don't expect for any details to leak tonight. they'll be closed-lipped about this because the idea if anything does leak out it gives more of an opportunity for folks on either party to kill a deal if they don't like what they hear. some sort of a agreement will be announced tomorrow when the house is back in session and the senate is back in session and they can...
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senator mcconnell got less than a million, 954,000 and senator reid, 363,000. a man whos had got 65 million votes has handed off the leadership of this key issue to two men combined who haven't gotten even 1.5 million votes. they represent fewer than 1.5 million people in america and he's seated leadershceded leade. why? >> obama has all of the power right now. the president had a meeting with congressional leaders and he knows at the end of the day what he wants that 250 threshold unemployment insurance extension, he's going to probably get it. he's going on "meet the press" first time he's going on in three years to put his foot on the republicans and senate republicans to say as this deadline approaches what will you do? will you prevent a small extension of tax rate increases. i'm offering you 250. are you going to take it or leave it. that's hard ball politics. that's what obama is doing now. he's not ceding power. he's letting them haggle over the threshold and he's ending this argument and this debate. >> all right, gentlemen. good discussion. great to h
senator mcconnell got less than a million, 954,000 and senator reid, 363,000. a man whos had got 65 million votes has handed off the leadership of this key issue to two men combined who haven't gotten even 1.5 million votes. they represent fewer than 1.5 million people in america and he's seated leadershceded leade. why? >> obama has all of the power right now. the president had a meeting with congressional leaders and he knows at the end of the day what he wants that 250 threshold...
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i'm confident senator mcconnell will do the same. but everybody, this is -- whatever we come up with is going to be imperfect and some people aren't going to like it. some people will like it less, but that's where we are. and i feel confident that we have an obligation to do the best we can and that was made very clear in the white house. and we're going to do the best we can for the caucuses that we have and the country that's waiting for us to make a decision. >> but the president was in no playful mood. he warned reid and mcconnell that congress will be called to action, even if the leaders don't come up with a plan. >> if we don't see an agreement between the two leaders in the senate, i expect a bill to go on the floor, and i've asked senator reid to do this, put a bill on the floor that makes sure that taxes on middle class families don't go up, that unemployment insurance is still available for 2 million people, and that lays the groundwork then for additional deficit reduction and economic growth steps that we can take in th
i'm confident senator mcconnell will do the same. but everybody, this is -- whatever we come up with is going to be imperfect and some people aren't going to like it. some people will like it less, but that's where we are. and i feel confident that we have an obligation to do the best we can and that was made very clear in the white house. and we're going to do the best we can for the caucuses that we have and the country that's waiting for us to make a decision. >> but the president was...
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mcconnell, from the way i read it, mcconnell and reid took it away from the president and said , let us to work our own deal by ourselves, kind o cutting him out of the negotiations. >> that's basically it. with the president said was, you can come up with an alternative plan, one that can pass both houses of congress. if not, the president wants a vote on his plan only in the senate and inthe house. the house leaders were non-committal. you also go back to the first time the bush tax cuts were expiring back in 2010, that was a deal cut between vice president joe biden and minority leader mitch mcconnell at that time where they stand at all the tax cuts and apparel tax cut and the unemployment benefits. so the leader coming in again trying to up for some type of compromise and get to the senate. for now the white house is letting the senate worked its magic. tom: interesting. but you very much. well, r-texas congressman michael burgess says we need much deeper spending cuts than anyone is talking about. congressman, you know what they say, well, no, no, this austerity stuff will put
mcconnell, from the way i read it, mcconnell and reid took it away from the president and said , let us to work our own deal by ourselves, kind o cutting him out of the negotiations. >> that's basically it. with the president said was, you can come up with an alternative plan, one that can pass both houses of congress. if not, the president wants a vote on his plan only in the senate and inthe house. the house leaders were non-committal. you also go back to the first time the bush tax...
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senate majority leader harry reid, senate minority leader mitch mcconnell. they are trying to come up with something that can pass the house and the senate. the president laid out a proposal earlier this evening. at the beginning of this meeting. $250,000 per year. that income would be shielded from tax increases, and now he wants an extension of unemployment insurance. that is something that essentially a nonstarter in a republican-controlled house. now he is leaving it up to the two leaders in the u.s. senate try to reach a compromise. something perhaps along the line ofwhat is being negotiated between the speaker and the president a couple of weeks ago. perhaps a tax increase for amounts of more than $400,000 or $500,000 per year. also, senate leaders want to include something on the estate tax, according to a white house official. we'll can also be key to this is that the white house officials are also telling fox news and ed henry that it appears as though the debt ceiling is not part of that. this is a huge nonstarter for republicans in the house. they
senate majority leader harry reid, senate minority leader mitch mcconnell. they are trying to come up with something that can pass the house and the senate. the president laid out a proposal earlier this evening. at the beginning of this meeting. $250,000 per year. that income would be shielded from tax increases, and now he wants an extension of unemployment insurance. that is something that essentially a nonstarter in a republican-controlled house. now he is leaving it up to the two leaders...
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so mcconnell wants a deal. they are negotiating with harry reed as was mentioned behind closed doors. look, there's still a lot of room that mcconnell needs to move and reed needs to accept to get there. both on the tax rate side and what would come along with that and whether any spending cuts would be part of any equation. but mitch mcconnell made positive sounds yesterday. and i think that led folks to say, hey, maybe there's at least an outside chance of getting a deal. >> if a deal gets done, it will be a much smaller deal than both sides thought they would be able to reach if you asked them a few months ago. the president has a full agenda in the coming year. he said that he wants to do something on immigration. he is indicating that he would like to do something with regard to gun control and there's been talk on energy legislation. but it looks like raising the debt ceiling is not part of the deal. that is four major political fights that the president has on his hands. what is going to get lost the lon
so mcconnell wants a deal. they are negotiating with harry reed as was mentioned behind closed doors. look, there's still a lot of room that mcconnell needs to move and reed needs to accept to get there. both on the tax rate side and what would come along with that and whether any spending cuts would be part of any equation. but mitch mcconnell made positive sounds yesterday. and i think that led folks to say, hey, maybe there's at least an outside chance of getting a deal. >> if a deal...
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and mcconnell has really controlled the leaders. the fact that he's meeting with harry reid means there probably isn't going to be a filibuster. i'll find that very surprising. the problem is that never have we seen, not in my lifetime, a weaker speaker of the house of representative than john boehner. john boehner has essentially thrown up his hands and walked away from this process. he's walked away from the constitutional mandate that senate and tax bills come from the house, not the senate. and he's said you guys pass something. they were going to pass something. it's the house that's the problem. it's always been. and this is the same congress that has been behaving this way for two years. >> thank you, joy, thank you clarence. we have a great programming note. on sunday, president obama will be david gregory's guest on "meet the press." that's this sunday on "meet the press." but coming up next, whatever became of john boehner. remember him? not too long ago, he was the leader of an increasingly powerful republican party in th
and mcconnell has really controlled the leaders. the fact that he's meeting with harry reid means there probably isn't going to be a filibuster. i'll find that very surprising. the problem is that never have we seen, not in my lifetime, a weaker speaker of the house of representative than john boehner. john boehner has essentially thrown up his hands and walked away from this process. he's walked away from the constitutional mandate that senate and tax bills come from the house, not the senate....
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it will really be up to negotiations between senator reid and senator mcconnell. i really do not think most of us who have been up here for awhile want to see a nuclear situation where 51 votes could basically govern the way the united states senate functions. so, we are hopeful, both of us. we have greeted our respective caucuses at lunch today. concerns were raised. we had a vigorous discussion. senator levin's caucus was somewhat more vigorous than mine. we did have a vigorous discussion and hopefully this will prevent us from going over to 51 votes on january 3. over a senateom going cliff on january 3. >> two comments. the current rule would not be amended. we would have a standing order which has the same effect as a rule to put in place to procedures which i have outlined. two additional procedures -- one of them is up to the majority leader by himself. that would be whether or not to proceed to a bill with this assurance of two amendments per side up front. the second additional option of the majority leader would be where there is a joint cloture petition
it will really be up to negotiations between senator reid and senator mcconnell. i really do not think most of us who have been up here for awhile want to see a nuclear situation where 51 votes could basically govern the way the united states senate functions. so, we are hopeful, both of us. we have greeted our respective caucuses at lunch today. concerns were raised. we had a vigorous discussion. senator levin's caucus was somewhat more vigorous than mine. we did have a vigorous discussion and...
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mitch mcconnell is a tough place and this is the underreported part of the story. he has to figure out a deal that gets through the senate and doesn't make john boehner look too bad in the house and there are a lot of conservatives in the house that don't want to do any type of deal that would raise taxes on anybody even though they'll go up on the entire country the first tax hike in 20 years after monday night. >> and one would also assume that mitch mcconnell would have to back a grant, he could face a primary fight if this thing -- >> you touched on one of the great sub plots of these entire negotiations is personal things that boehner and mcconnell have in these negotiations. obviously, mcconnell doesn't want to have someone on the right come after him because he was in favor of a tax hike and john boehner's re-election as speaker of the house. and that would come across as a vote of no confidence. very embarrassing and they don't expect it happening and there's a lot at stake for mitch mcconnell and john boehner personally. great point you brought up. >> if t
mitch mcconnell is a tough place and this is the underreported part of the story. he has to figure out a deal that gets through the senate and doesn't make john boehner look too bad in the house and there are a lot of conservatives in the house that don't want to do any type of deal that would raise taxes on anybody even though they'll go up on the entire country the first tax hike in 20 years after monday night. >> and one would also assume that mitch mcconnell would have to back a...
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i'm confident senator mcconnell will do the same. but everybody, this is whatever we come up with is going to be imperfect. >> and t.j., there's a lot of pressure on lawmakers and on the president to get something done. we've already seen the markets impacted by this. a lot of americans have just expressed frustration and concern over what's going to happen to their tax rates in the new year if in fact lawmakers can't get a deal. so there's a lot of public pressure to get something done on this. and of course, time is really running out. t.j.? >> kristen welker for us at the white house. thank you so much. and joining me now with some inside perspective, there he is smiling this morning, democratic congressman elijah cummings a ranking member of the oversite committee. you are in baltimore, maryland right now. >> that's right. >> when are you heading back to washington, d.c.? >> i'll be in washington sometime later on this afternoon. >> and sir, what are you going to do when you get there? >> well, sadly, t.j., the house is in a posi
i'm confident senator mcconnell will do the same. but everybody, this is whatever we come up with is going to be imperfect. >> and t.j., there's a lot of pressure on lawmakers and on the president to get something done. we've already seen the markets impacted by this. a lot of americans have just expressed frustration and concern over what's going to happen to their tax rates in the new year if in fact lawmakers can't get a deal. so there's a lot of public pressure to get something done...
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mcconnell and harry reid come up with the deal. they accept it to the house on sunday night, monday morning. what are the chances of them getting their ducks in a row, boehner getting his ducks in a row and us still being able to avoid the krif? >> right. we should have a better sense of that by tomorrow afternoon when they start to reconvene. speaker boehner made it clear at the meeting at the white house on friday, anything that the senate passes will be considered by the house, might be amended, might be changed a bit. has to go back to the senate quick for changes. but he said will indeed be considered. the question, can perhaps all the democrats plus at least some republicans, come together to pass something while a bunch of conservative republicans will oppose it, because it's raising taxes for one thing. >> the issue of taxes, is this a consequence of really what happens with bush 41? who is recovering in the hospital, by the way, right now and certainly our thoughts are with him. when he broke that pledge, read my lips, no
mcconnell and harry reid come up with the deal. they accept it to the house on sunday night, monday morning. what are the chances of them getting their ducks in a row, boehner getting his ducks in a row and us still being able to avoid the krif? >> right. we should have a better sense of that by tomorrow afternoon when they start to reconvene. speaker boehner made it clear at the meeting at the white house on friday, anything that the senate passes will be considered by the house, might...
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some democrats think that mitch mcconnell is ready to force john boehner's hand. we know the republicans are going to lose the fight of taxes because tax rates are going to go up for every -- the only question is how many people they go up for. so if you already know what the outcome is going to be, the question is how much punishment do they want to take? it is possible that they would wait after january 1. they could say we're going to cut taxes now instead of vote to allow them to go up. gwen: let's move on. because there's one more thing we want to go to. from iran to syria to libya to egypt to israeli, palestinian standoff over gaza, the obama administration's wishes have seldom been grapted. >> we and the world have joined in condemning the brutality of the assad regime. >> no one wants to determine what happened that night in benghazi more than the president and i do. >> and this administration has either been guilty of colossal incompetence or engaged in a coverup. >> a red line should be drawn right here. before iran completes the second stage of nuclear
some democrats think that mitch mcconnell is ready to force john boehner's hand. we know the republicans are going to lose the fight of taxes because tax rates are going to go up for every -- the only question is how many people they go up for. so if you already know what the outcome is going to be, the question is how much punishment do they want to take? it is possible that they would wait after january 1. they could say we're going to cut taxes now instead of vote to allow them to go up....
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senators reed and mcconnell will try to come to a deal. but they will try to passes a bill on the two key democratic priorities and dare republicans to block it. and they will not be able to do it, at least not for long. >> if we get down to the end of the year and the only choice we have is to keep the taxes from going up on the middle class, i will support that. >> a quote was given, mr. boehner said he wanted a deal along the lines that the two men negotiated in 2011, you missed your opportunity on that. president told him. cold. but what we know right now, what we know from that, is that john boehner wishes he could go back in time, go back to 2011, and get the deal that the president offered him then. mr. boehner wants another bite at the 2011 deal, because the president was going to stop $800 billion on taxes on the rich. in a few months the republicans will want to go back to 2012, to right now, and get the deal that the president offered them a week ago, which raise $1.2 trillion in taxes. if we get a small deal, because they come
senators reed and mcconnell will try to come to a deal. but they will try to passes a bill on the two key democratic priorities and dare republicans to block it. and they will not be able to do it, at least not for long. >> if we get down to the end of the year and the only choice we have is to keep the taxes from going up on the middle class, i will support that. >> a quote was given, mr. boehner said he wanted a deal along the lines that the two men negotiated in 2011, you missed...
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senators reid and mcconnell will try to come to a deal. if they fail, the white house and harry reid are going to try to jam through a bill that increases taxes on rich people and extends unemployment insurance, which are the two key democratic priorities. they'll pretty much dare republicans to block it. and republicans probably won't be able to, at least not for long. here's johnny isaacson, a republican senator from georgia, over the weekend. >> if we get down to the end of this year, and the only choice we have is to save taxes going up on the middle class, then i would support that. >> last weekend, "the wall street journal" had a great piece going behind the scenes on the fiscal cliff negotiations. and in it, they quoted this exchange between speaker boehner and president obama. mr. boehner said he wanted to deal along the lines what the two men had negotiated, summer of 2011, in the fight over raising the debt ceiling. "you missed your opportunity on that," the president told him. cold. but what we know right now, what we know from
senators reid and mcconnell will try to come to a deal. if they fail, the white house and harry reid are going to try to jam through a bill that increases taxes on rich people and extends unemployment insurance, which are the two key democratic priorities. they'll pretty much dare republicans to block it. and republicans probably won't be able to, at least not for long. here's johnny isaacson, a republican senator from georgia, over the weekend. >> if we get down to the end of this year,...
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i think mitch mcconnell wants a deal. so does harry reid. and so does the president. i think the problem lies with the tea party republicans in the house. that is the problem. i think it makes no sense to assign blame right now. i think the next 24 hours are critical. i worry about the automatic defense cuts. medicare, people vulnerable problems but i think there is a genuine effort by these leaders right now especially mcconnell and harry reid to get a bill to the senate floor that you mentioned that moves us in the right direction. maybe short-term and then in a few days later after the new year's a longer term grand bargain. >> sean: you know, governor, with all -- we are goodiends, y question. for 1300 p. days over three years the senate has a constant -- i know you are laughing. the senate as a constitutional authority to pass spending bills and they he haven't done it. and now three days before the country is going over a fiscal cliff and now maybe might get a mini deal and now they are engaged. don't you think that is irresponsible from the democratic standpoin
i think mitch mcconnell wants a deal. so does harry reid. and so does the president. i think the problem lies with the tea party republicans in the house. that is the problem. i think it makes no sense to assign blame right now. i think the next 24 hours are critical. i worry about the automatic defense cuts. medicare, people vulnerable problems but i think there is a genuine effort by these leaders right now especially mcconnell and harry reid to get a bill to the senate floor that you...
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let senators reid and mcconnell really resolve this together. and those are, as i said, two men who know how to work things out. speaker boehner stepping out of it at this point because he has not been able to produce a deal to date and it's not on his shoulders. and nancy pelosi is the one who's going to have to car ray lot of this weight if it gets anywhere in the house because she'll have to deliver a lot of votes. the president not at his maximum frustration level, i have to say, still seeming a little enthusiastic. >> jessica yellin, thanks so much. ken, i want to ask you, you're an expert on economic crises. yol want to have to use your expertise ever again. we're not going to a crisis, hopefully, as a result of this. what's your best advice in terms of keeping the economy on track? what's the best compromise everybody can come out with if they know it will help the economy? >> well, we'd like to see tax reform. we'd like to see washington do things like infrastructure, cut back on spending. it's dysfunctional. that's what's so dishearteni
let senators reid and mcconnell really resolve this together. and those are, as i said, two men who know how to work things out. speaker boehner stepping out of it at this point because he has not been able to produce a deal to date and it's not on his shoulders. and nancy pelosi is the one who's going to have to car ray lot of this weight if it gets anywhere in the house because she'll have to deliver a lot of votes. the president not at his maximum frustration level, i have to say, still...
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he is leaving it in the hands of harry reid and mitch mcconnell. can they craft a package that members of speaker boehner's caucus would approve? that is what it is going to take, isn't i >> it is. and it could be possible, adam. e next 24 hours will let us know. we have a reedout from our colleague henry, according to a senior white house official exactly how this meeting went down. this according to a white house official. basically the president said, you know, look if the speaker can not come up with some type of compromise, or republican and democratic leaders can not come up with some kind of compromise, would they put up the president's plan $250,000 below vote in the house, the white house officials said the speaker was noncommittal. the white house officials said that it does not appear that the debt ceiling is part of this. that is a major obstacle for republicans in the house. they said that they wanted for the president a four year plan the debt ceiling. it could help carve the vote. adam: when the president says nobody gets 100% of wha
he is leaving it in the hands of harry reid and mitch mcconnell. can they craft a package that members of speaker boehner's caucus would approve? that is what it is going to take, isn't i >> it is. and it could be possible, adam. e next 24 hours will let us know. we have a reedout from our colleague henry, according to a senior white house official exactly how this meeting went down. this according to a white house official. basically the president said, you know, look if the speaker can...
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he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a white house meeting today with congressional leaders that ended with no deal. ahead of that, investors lost hope lawmakers can come together in the time remaining. in the last few minutes of trading, stocks sold off. the dow tumbled 158 points, the nasdaq lost 25, and the s&p fell over 15 points. here's darren gersh with more on the critical work that has to get done in washington this weekend. >> reporter: the president declared himself modestly optimistic congress could still reach an agreement to head off huge tax hikes on january first, but he also warned lawmakers to get their work done. >> the american people are not going to have patience with a self-inflicted wound on the economy. >> reporter: senate republican leader mitch mcconnell called the white house meeting a good one and he told his fellow republicans he hoped to have a fiscal cliff recommendation soon. >> we will be working hard to see if we can get t
he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a white house meeting today with congressional leaders that ended with no deal. ahead of that, investors lost hope lawmakers can come together in the time remaining. in the last few minutes of trading, stocks sold off. the dow tumbled 158 points, the nasdaq lost 25, and the s&p fell over 15 points. here's darren gersh with...
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. >> reporter: senators harry reid and mitch mcconnell returned to the senate floor, pledging to work through the weekend. >> we are engaged in discussions, the majority leader and myself and the white house, in hopes that we can come forward as early as sunday and have a recommendation. >> we're gonna do the best we can for the caucuses we have and the country that's waiting for us to make a decision. >> reporter: democratic and republican leaders have agreed to extend jobless benefits and some tax increases. but the income threshold is not yet clear. the president and senate leaders are expressing optimism that they'll get the job done. but the president has a backup plan just in case. >> if an agreement isn't reached in time, between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an up- or-down vote. >> reporter: that bare bones bill would preserve tax cuts for the middle class and extend unemployment benefits. it would also lay a foundation for a broader deal to come. danielle nottingham, cbs news, the white house. >>> w
. >> reporter: senators harry reid and mitch mcconnell returned to the senate floor, pledging to work through the weekend. >> we are engaged in discussions, the majority leader and myself and the white house, in hopes that we can come forward as early as sunday and have a recommendation. >> we're gonna do the best we can for the caucuses we have and the country that's waiting for us to make a decision. >> reporter: democratic and republican leaders have agreed to extend...
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he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a white house meeting today with congressional leaders that ended with no deal. ahead of that, investors lost hope lawmakers can come together in the time remaining. in the last few minutes of trading, stocks sold off. the dow tumbled 158 points, the nasdaq lost 25, and the s&p fell over 15 points. here's darren gersh with more on the critical work that has to get done in washington this weekend. >> reporter: the president declared himself modestly optimistic congress could still reach an agreement to head off huge tax hikes on january first but he also warned lawmakers to get their work done. >> the american people are not going to have patience with a self-inflicted wound on the economy. >> reporter: senate republican leader mitch mcconnell called the white house meeting a good one and he told his fellow republicans he hoped to have a fiscal cliff recommendation soon. >> we will be working hard to see if we can get th
he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a white house meeting today with congressional leaders that ended with no deal. ahead of that, investors lost hope lawmakers can come together in the time remaining. in the last few minutes of trading, stocks sold off. the dow tumbled 158 points, the nasdaq lost 25, and the s&p fell over 15 points. here's darren gersh with...
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Dec 29, 2012
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i am confident senator mcconnell would do the same. whenever we come up with, it will be a perfect, and some people are not going to like it. some people will like get less, but that is where we are. i feel confident that we have an obligation to do the best we can, and that was made very clear in the white house, that we can do very best we can for the caucasus and the country is waiting for us to make a decision. >> both chambers will gavel back in this weekend before the end of the year. earlier today, harry reid said he will bring the senate back into session on sunday at 1:00 p.m. eastern, and the house will return at 2:00 p.m. eastern on sunday, with votes expected in 6:30at 6:30? ris mccain and carl levin spoke to reporters for about half an hour. >> why don't you give them a bunch over here and let them pass it out. ok, sorry for the delay. we thought we had a vote, but there was no vote. senator mccain and i are part of a group of eight senators who have been working for about a month to come up with a proposal for our leaders
i am confident senator mcconnell would do the same. whenever we come up with, it will be a perfect, and some people are not going to like it. some people will like get less, but that is where we are. i feel confident that we have an obligation to do the best we can, and that was made very clear in the white house, that we can do very best we can for the caucasus and the country is waiting for us to make a decision. >> both chambers will gavel back in this weekend before the end of the...
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Dec 29, 2012
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democratic harry reid and republican mitch mcconnell. they're working on a mini deal that would prevent a tax increase for roughly lly 98% of american workers. what took so long? >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. >> reporter: the deal comes after the president met with the congressional leaders at the white house. his first such meeting in six weeks. even if mcconnell and reid come to an agreement, no certainty it will pass before the end of the year. extending tax cuts while doing nothing to curb spending or address the long-term deficit crisis. if they fail to pass a mini-deal, almost everyone's income taxes will go up. even if the income taxes are extended virtually all workers are due to see less in their paycheck as the temporary tax increase is set to inspire. the prospects are quote not too promising they'll get to a bipartisan agreement to prevent everyone's taxes from going up. david? >> our chief white house correspondent jon karl. thi
democratic harry reid and republican mitch mcconnell. they're working on a mini deal that would prevent a tax increase for roughly lly 98% of american workers. what took so long? >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. >> reporter: the deal comes after the president met with the congressional leaders at the white house. his first such meeting in six weeks. even if mcconnell and reid come to an...
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Dec 29, 2012
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only he and senator mcconnell have been here today. you know, i think the situation is such that after speaker boehner lost that vote, and there is walking in from earlier in the week, after speaker boehner lost the vote in his own caucus in the house, it was clear and he even said as much, that the senate needed to act. that's for a couple of reasons. one, the senate has that 60-vote threshold to get anything through and conservativives in the house want cover, they don't want to pass something and have it run into trouble in the senate because they would be sticking their neck out to some degree especially those conservatives or republicans worried about a tea party challenge next time around. so for a lot of reasons, everything has to start in the senate. that's why we're seeing a lot less of speaker boehner. but i think what's interesting in the capitol today martin, in the last few minutes we've seen the sun come out. this place is full of tourists. that kind of concern about the average american is getting these leaders to the ta
only he and senator mcconnell have been here today. you know, i think the situation is such that after speaker boehner lost that vote, and there is walking in from earlier in the week, after speaker boehner lost the vote in his own caucus in the house, it was clear and he even said as much, that the senate needed to act. that's for a couple of reasons. one, the senate has that 60-vote threshold to get anything through and conservativives in the house want cover, they don't want to pass...
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Dec 29, 2012
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also, we were able to see some of senator mcconnell's staffers. i was able to speak to one of them coming in and out of these kind of closed-door planning meetings. he said they've been here since 9:00 a.m. they plan to work all day and we may see his boss, senator mcconnell, later today. that shows us kind of where things stand. i wanted to break this down simply because there's so much that complicates the story. let's look really quickly at a graphic of the basics, what's happening right now. here's where we stand with the fiscal cliff. first of all, who's doing the negotiating? ice the top two senators, senator reid for the democrats, senator mcconnell for the republican, and it is their staff who are working out details right now. what are they talking about? mainly trying to find a way to avoid those tax hikes for most americans. that could also include an extension of unemployment benefits. what is unclear is whether other things such as budget cuts eliminating that sequester that's coming up or other things will be in that deal. when will
also, we were able to see some of senator mcconnell's staffers. i was able to speak to one of them coming in and out of these kind of closed-door planning meetings. he said they've been here since 9:00 a.m. they plan to work all day and we may see his boss, senator mcconnell, later today. that shows us kind of where things stand. i wanted to break this down simply because there's so much that complicates the story. let's look really quickly at a graphic of the basics, what's happening right...
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Dec 29, 2012
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mcconnell believes there could be a tentative agreement by sunday. this progress comes after president obama met with congressional leaders at the white house today for about an hour. >> i'm modestly optimistic that an agreement can be achieved. nobody's going to get 100% of what they want, but let's make sure that middle class families and the american economy and, in fact, the world economy, aren't adversely impacted because people can't do their jobs. >> if there is no deal, taxes will go up next week for most americans. there will be sharp spending cuts and 2 million people will lose their extended unemployment benefits. >>> on "meet the press" this sunday, president obama will sit down for an exclusive interview with david gregory as the fiscal cliff deadline approaches. watch the interview this sunday morning at 10:30 here on nbc 4. >>> a huge turnout at the what's called the nation's gun show in shantilly, virginia, today. thousands of people attended. some vendors sold out. it is marred by controversy following the shooting at sandy hook elem
mcconnell believes there could be a tentative agreement by sunday. this progress comes after president obama met with congressional leaders at the white house today for about an hour. >> i'm modestly optimistic that an agreement can be achieved. nobody's going to get 100% of what they want, but let's make sure that middle class families and the american economy and, in fact, the world economy, aren't adversely impacted because people can't do their jobs. >> if there is no deal,...
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Dec 29, 2012
12/12
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senators reids and mcconnell are discussing a potential agreement where we can get a bipartisan bill out of the senate over to the house and done in a timely fashion so that we met the december 31st deadline. but given how things have been working in this town, we always have to wait and see until it actually happens. the one thing that the american people should not have to wait and see is some sort of action so if we don't see an agreement between the two leaders in the senate, i expect a bill to go on the floor. and i've asked senator reid to do this, put a bill on the floor that makes sure that taxes on middle-class families don't go up. that unemployment insurance is still available for 2 million people, and that lays the groundwork then for additional deficit reduction and economic growth steps that we can take in the new year. >> all of this still developing. and we will have more on all of it with mark shields and david brooks later in the program. >> also ahead >> warner: also ahead, between now and then; protesting a gang rape in india; mass producing high quality education
senators reids and mcconnell are discussing a potential agreement where we can get a bipartisan bill out of the senate over to the house and done in a timely fashion so that we met the december 31st deadline. but given how things have been working in this town, we always have to wait and see until it actually happens. the one thing that the american people should not have to wait and see is some sort of action so if we don't see an agreement between the two leaders in the senate, i expect a...
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reid and senator mcconnell are discussing a potential agreement were making get a bipartisan bill out of the senate, into the house, at a timely fashion so we can meet the december 31 deadline. >> we will be working hard to see if we can get there in the next 24 hours. i'm optimistic. >> senate leaders are hoping to come back with a proposal as early as sunday. >> whatever become up with, it will be imperfect. some people will not like it, some will like it less but that is where we are. >> the president says if an agreement is not reached by the deadline, he will urge the senate -- senate majority leader to hold a vote on a basic patches -- a thick package that makes sure taxes do not increase on middle income and lower income americans. >> the house will hold a rare sunday session this weekend. votes are scheduled for early evening. speaker boehner is not expected to put anything on the floor for a vote unless he is sure it can pass. this sunday, president obama will be david gregory's interview -- guest on meet the press. that port strike is averted for now. the longshoremen union
reid and senator mcconnell are discussing a potential agreement were making get a bipartisan bill out of the senate, into the house, at a timely fashion so we can meet the december 31 deadline. >> we will be working hard to see if we can get there in the next 24 hours. i'm optimistic. >> senate leaders are hoping to come back with a proposal as early as sunday. >> whatever become up with, it will be imperfect. some people will not like it, some will like it less but that is...
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mitch mcconnell is stepping in. can he save the day? super mcconnell. a life report from washington in just moments russia's president vladimir putin trying to settle a score with the united states. we're explain. >> then the oak ridge boys phoning in a very special performance for president george h.w. bush in the hospital. ♪ amazing grace ♪ how sweet the sound. >> clayton: "fox & friends" hour three starts right now. i feel so good after my workout three minutes sitting down. >> clayton: sugary coffee. >> juliet: that's right. >> clayton: you are good for 2012 welcome in to "fox & friends" on this saturday morning. good to see you. >> are you modestly optimistic. the president is. countdown to the fiscal cliff. there are some signs of hope this morning. and it oob thanks to republican senate minority leader mitch mcconnell. peter doocy live in washington with the very latest. peter, i guess they reconvene 1:00 tomorrow which leads them oh tons of time to avert that fiscal cliff you are hearing from administration officials down here that republica
mitch mcconnell is stepping in. can he save the day? super mcconnell. a life report from washington in just moments russia's president vladimir putin trying to settle a score with the united states. we're explain. >> then the oak ridge boys phoning in a very special performance for president george h.w. bush in the hospital. ♪ amazing grace ♪ how sweet the sound. >> clayton: "fox & friends" hour three starts right now. i feel so good after my workout three minutes...
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Dec 29, 2012
12/12
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mitch mcconnell and harry reid have agreed to spend the next 24 hours trying to come to a bipartisan agreement on a smaller fallback plan to keep at least some taxes from going up. after the meeting, house democrat leader nancy pelosi told us she's at least a little encouraged. >> it was constructive. as i say, candor is constructive, and i think it moved us forward, but we'll see. >> reporter: it was the first meeting with the president and all the congressional leaders in six weeks. it follows an impasse that has shaken wall street, the dow down more than 400 points since talks stalled last week. and on main street, business owners like drew greenblatt, who owns a wire basket manufacturing company in baltimore, say the coming fiscal cliff is already causing pain because they just don't know what will happen to their taxes. >> right now we're doing our budget. we're deciding how many people we're hiring next year. we're figuring out how many robots and machines we'll invest in our factories. >> reporter: and across the country all the political bickering had people outraged with was
mitch mcconnell and harry reid have agreed to spend the next 24 hours trying to come to a bipartisan agreement on a smaller fallback plan to keep at least some taxes from going up. after the meeting, house democrat leader nancy pelosi told us she's at least a little encouraged. >> it was constructive. as i say, candor is constructive, and i think it moved us forward, but we'll see. >> reporter: it was the first meeting with the president and all the congressional leaders in six...